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Director, Compensation

$166k - $216k
Full-time

Saks Fifth Avenue

Role Description

As the Director of Compensation, you will design, implement, and govern comprehensive compensation strategies that attract and retain top-tier talent across our diverse ecosystem—spanning corporate headquarters, luxury retail stores, and high-volume distribution/fulfillment centers.

Serving as a strategic partner to leadership and HR business partners, you will own all aspects of broad-based compensation, market pricing, annual merit cycles, and incentive plan design. This role focuses entirely on non-executive compensation, ensuring equity, competitive positioning, and operational excellence.

What You Will Do

  • Strategic Market Positioning & Benchmarking
    • Omnichannel Architecture: Design and maintain distinct compensation structures tailored to our three primary workforces: Corporate (HQ), Retail Field, and Logistics (DC/FC).
    • Market Intelligence: Lead the annual participation in luxury retail and general industry compensation surveys. Analyze market trends and data to ensure competitive positioning.
    • Pay Structures: Establish and evolve geographic differentials, salary bands, and hourly wage structures that reflect local market pressures and economic shifts.
    • Manage market pricing of new roles and ongoing updates to pay ranges.
  • Program Management & Annual Cycles
    • Merit & Bonus Planning: Own the end-to-end execution of the annual merit review, cost-of-living adjustments (COLA), and store incentive/bonus planning cycles.
    • Retail Incentives: Partner with Retail Leadership to evaluate, audit, and optimize sales commission structures, and store bonus and commission programs to drive sales.
    • DC/FC Wage Strategies: Design and manage progressive wage scales, shift differentials, and peak-season premium pay strategies for fulfillment center populations.
  • Compliance, Governance & Audits
    • Pay Equity: Conduct regular internal equity analyses and comprehensive audits to ensure fair pay practices and compliance with evolving global, federal, state, and local labor laws.
    • FLSA & Job Classification: Oversee the evaluation and classification of new and existing roles, ensuring robust job descriptions and compliance with FLSA regulations.
    • Budgeting & Reporting: Partner with Finance to forecast compensation spend, model the financial impact of plan changes, and deliver regular analytics.
  • Team Leadership
    • Build and lead a high-performing team that demonstrates partnership, operational excellence, and accountability.

Qualifications

  • Experience: 10+ years of progressive experience in compensation management.
  • Technical Savvy: Advanced Excel skills (modeling, macros, complex formulas) and deep experience working with modern HRIS platforms (e.g., Workday, SuccessFactors) and compensation market pricing software (e.g., MarketPay, Payfactors).
  • Compensation Market Data: Experience working with compensation consulting firms and market pricing/data.
  • Education/Certifications: Bachelor’s degree in HR, Finance, Business Administration, or related field. Certified Compensation Professional (CCP) designation is a strong plus.

Preferred Qualifications

  • Retail or eCommerce experience including corporate, stores commission plans.

Benefits

  • Opportunity to work in a dynamic fast-paced environment at a company experiencing growth and transformation.
  • Exposure to rewarding career advancement opportunities across the largest multi-brand luxury retailer from retail to distribution, to digital or corporate.
  • Comprehensive benefits package for all eligible full-time employees (including medical, vision, and dental).
  • An amazing employee discount.
  • We offer the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan, basic life insurance, supplemental life insurance, disability insurance, and a variety of additional voluntary benefits (such as critical illness, hospital, and accident insurance).
Vacancy posted 7 days ago
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